Form 4: SouthState Bank Director Snively Vests 1,136 Shares

SouthState Bank Corp. Director Joshua A. Snively acquired 1,136 shares of common stock through the vesting of Restricted Share Units.

Summary

• Joshua A. Snively, a Director of SouthState Bank Corp. (SSB), acquired 1,136 shares of common stock.
• The transaction occurred on November 1, 2025, and was a result of the vesting of time-vested Restricted Share Units (RSUs).
• These RSUs were granted on May 1, 2025, as part of the stock component of annual director fees and cliff vested on November 1, 2025.
• The acquisition price per share was $0.00, as is typical for RSU vesting.
• Following this transaction, Mr. Snively beneficially owns 12,822 shares of SouthState Bank Corp. common stock.
• The transaction was made pursuant to a Rule 10b5-1(c) pre-planned contract, instruction, or written plan.

Sentiment

Score: 6

Explanation: The sentiment is slightly positive as it reflects a routine, pre-scheduled compensation event that increases insider ownership, aligning management interests with shareholders. There are no negative implications.

Positives

• The vesting of Restricted Share Units increases Director Joshua A. Snively's direct ownership in SouthState Bank Corp., further aligning his interests with those of shareholders.
• The transaction was executed under a Rule 10b5-1(c) plan, indicating a pre-scheduled and transparent compensation event.

Future Outlook

This filing does not contain forward-looking statements or guidance regarding the company's future financial performance or strategic direction.

Industry Context

The vesting of Restricted Share Units as part of director compensation is a common practice across the banking and financial services industry, used to align the interests of directors with long-term shareholder value.

Comparison to Industry Standards

• The use of Restricted Share Units (RSUs) as a component of director compensation is a standard practice in the financial industry, comparable to compensation structures at peer institutions like Truist Financial Corporation (TFC) or Synovus Financial Corp. (SNV).
• The vesting schedule, where RSUs cliff vest after a period, is a typical mechanism to ensure retention and long-term commitment from board members.

Stakeholder Impact

• Shareholders: Increased insider ownership by a director can be viewed positively, as it further aligns the director's financial interests with the long-term performance of the company and shareholder value.

Key Dates

Recommendation

This Form 4 filing details a routine, pre-scheduled vesting of Restricted Share Units for a director, which is a standard component of executive compensation. It does not provide new material information that would fundamentally alter the investment thesis for SouthState Bank Corp. Therefore, a 'hold' recommendation is appropriate, as this event alone is unlikely to significantly impact the stock's valuation or warrant a change in investment strategy.

Keywords

SouthState Bank, SSB, Form 4, Insider Transaction, RSU Vesting, Director Compensation, Joshua A. Snively, Equity Acquisition